CAMBRIDGE, MA-It was a dark and stormy start to 2008 for the city’s office market, but a lease of more than 21,000 sf at 1030 Massachusetts Ave. is providing a bit of sunshine as the second quarter commences. Architectural firm KingStubbins has opted to renew and expand at the four-story, 65,000-sf building, which is owned by Paradigm Properties.

“It’s a nice deal for the building,” Paradigm principal John Caldwell tells GlobeSt.com. “They are a great tenant who has been there for a long time, and we are ecstatic that they are staying.” Caldwell represented Paradigm in-house negotiating the five-year agreement.

Although it was in the red for absorption by 4,000 sf, the mid-Cambridge submarket of 3.3 million sf actually outperformed the East Cambridge and Alewife districts, according to the first quarter officeSTATus report issued yesterday by Richards Barry Joyce & Partners. The core East Cambridge submarket of 7.9 million sf posted negative absorption of 58,000 sf and Alewife had a deficit of 11,000 sf, RBJ estimates. Those outcomes led to negative 73,000 sf overall, marking the first time since 2005 that Cambridge has registered negative absorption for a quarter.

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